BlackRock (NYSE:BLK) Receives $1,264.61 Consensus Target Price from Analysts

Shares of BlackRock (NYSE:BLK) have received a consensus rating of “Moderate Buy” from the twenty ratings firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $1,269.4444.

A number of equities research analysts have issued reports on BLK shares. UBS Group upped their target price on BlackRock from $1,235.00 to $1,270.00 and gave the stock a “buy” rating in a research report on Wednesday, April 15th. Morgan Stanley upped their target price on BlackRock from $1,393.00 to $1,430.00 and gave the stock an “overweight” rating in a research report on Friday. Keefe, Bruyette & Woods upped their target price on BlackRock from $1,150.00 to $1,240.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 15th. BNP Paribas Exane upped their target price on BlackRock from $1,300.00 to $1,350.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 23rd. Finally, Weiss Ratings raised BlackRock from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, May 13th.

BlackRock News Summary

Here are the key news stories impacting BlackRock this week:

• Positive Sentiment: BlackRock is being highlighted as a beneficiary of the next phase of the AI buildout, with analysts pointing to infrastructure, energy security, and power bottlenecks as major investment areas beyond chipmakers. BlackRock Flags Big AI Trade Beyond Nvidia, AMD, Micron
• Positive Sentiment: BlackRock’s Aladdin platform is expanding its integration with Ethena’s tokenized dollar suite, reinforcing the company’s push into tokenization and institutional digital-asset infrastructure. BlackRock’s Aladdin Platform Expands Integration with Ethena’s Tokenized Dollar Suite
• Positive Sentiment: BlackRock’s iShares Bitcoin Trust (IBIT) reportedly surpassed Fidelity in Bitcoin ETF assets, underscoring its leadership in the fast-growing ETF category. BlackRock’s IBIT Reportedly Surpasses Fidelity In Bitcoin ETF Assets
• Neutral Sentiment: Wall Street is watching BlackRock’s upcoming quarterly report, with expectations for continued earnings growth but only at a modest pace, making the results a key near-term catalyst. Earnings Preview: What To Expect From BlackRock’s Report
• Negative Sentiment: Crypto sentiment is a drag, as Bitcoin ETFs are set for their worst month of outflows and IBIT investors are reportedly nursing steep losses, which could weigh on enthusiasm for BlackRock’s flagship crypto product. Bitcoin ETFs Set for Worst Month With $4 Billion in Outflows BlackRock IBIT investors are now nursing a 40% loss
• Negative Sentiment: Reports of a large Bitcoin transfer tied to ETF settlement activity also highlight weaker institutional demand in June, adding to concerns around IBIT flows. BlackRock Bitcoin Outflow Hits $446M in Coinbase Prime Transfer

BlackRock Stock Down 1.5%

Shares of BlackRock stock opened at $950.63 on Tuesday. The stock has a market capitalization of $147.57 billion, a P/E ratio of 23.86, a PEG ratio of 1.26 and a beta of 1.42. The company has a quick ratio of 4.09, a current ratio of 4.09 and a debt-to-equity ratio of 0.34. The stock has a 50 day moving average price of $1,043.56 and a two-hundred day moving average price of $1,048.73. BlackRock has a 12-month low of $917.39 and a 12-month high of $1,219.94.

BlackRock (NYSE:BLK) last announced its earnings results on Tuesday, April 14th. The asset manager reported $12.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $12.40 by $0.13. The firm had revenue of $6.70 billion during the quarter, compared to analysts’ expectations of $6.56 billion. BlackRock had a return on equity of 14.74% and a net margin of 24.40%.The company’s revenue was up 27.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $9.64 earnings per share. Equities analysts expect that BlackRock will post 52.8 earnings per share for the current year.

BlackRock Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 23rd. Stockholders of record on Friday, June 5th were issued a dividend of $5.73 per share. The ex-dividend date was Friday, June 5th. This represents a $22.92 dividend on an annualized basis and a dividend yield of 2.4%. BlackRock’s payout ratio is 57.53%.

Insider Buying and Selling

In other news, CEO Laurence Fink sold 33,900 shares of the company’s stock in a transaction that occurred on Tuesday, April 28th. The stock was sold at an average price of $1,050.55, for a total transaction of $35,613,645.00. Following the completion of the transaction, the chief executive officer directly owned 230,516 shares in the company, valued at $242,168,583.80. The trade was a 12.82% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, President Robert Kapito sold 8,739 shares of the company’s stock in a transaction that occurred on Monday, April 27th. The stock was sold at an average price of $1,056.60, for a total value of $9,233,627.40. Following the transaction, the president owned 210,186 shares of the company’s stock, valued at approximately $222,082,527.60. This trade represents a 3.99% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 1.92% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Legal & General Group Plc lifted its holdings in shares of BlackRock by 0.8% during the fourth quarter. Legal & General Group Plc now owns 920,578 shares of the asset manager’s stock worth $985,331,000 after buying an additional 7,457 shares during the last quarter. Sarasin & Partners LLP raised its stake in shares of BlackRock by 10.6% in the fourth quarter. Sarasin & Partners LLP now owns 251,856 shares of the asset manager’s stock valued at $269,572,000 after purchasing an additional 24,196 shares in the last quarter. Sienna Gestion raised its stake in shares of BlackRock by 51.5% in the third quarter. Sienna Gestion now owns 22,859 shares of the asset manager’s stock valued at $24,299,000 after purchasing an additional 7,773 shares in the last quarter. Hudson Bay Capital Management LP acquired a new position in shares of BlackRock in the third quarter valued at $3,791,000. Finally, TCV Trust & Wealth Management Inc. acquired a new position in shares of BlackRock in the fourth quarter valued at $20,279,000. 80.69% of the stock is currently owned by institutional investors and hedge funds.

BlackRock Company Profile

BlackRock, Inc is a global investment management firm that provides a broad range of products and services to institutional, intermediary and individual investors. Its core activities include portfolio management across active and index strategies, exchange-traded funds (ETFs) under the iShares brand, fixed income, equity and multi-asset solutions, as well as alternatives such as private equity, real estate and infrastructure. The firm also offers cash management and liquidity solutions and retirement-focused products designed for defined contribution and defined benefit investors.

In addition to traditional investment management, BlackRock is known for its technology and risk management capabilities, most prominently its Aladdin platform, which combines portfolio management, trading and risk analytics and is used both internally and licensed to external clients.